ConocoPhillips Company News

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ConocoPhillips Plans 25% Debt Reduction
Tuesday, May 04, 2021The plan would essentially bring COP's debt pile back to the pre-Concho acquisition level.

Refiners Prep for Summer Driving Season
Monday, April 05, 2021Here is a preview of what to watch this this week in the oil and gas markets.

Are Foreign Oil Firms About to Return to Venezuela?
Friday, March 19, 2021Maduro claims "Venezuela's doors are open for oil investment."

How Can Smaller E&Ps Navigate the Biden Leasing Ban?
Wednesday, March 10, 2021Several informed market-watchers comment on challenges and opportunities for smaller operators.

What Could the Biden Order Mean for the Permian and State Waters?
Tuesday, March 09, 2021Informed observers offer insights on how changes in federal oil and gas leasing could affect activity in the Permian Basin, state waters, and elsewhere.

Biden Keystone XL Snub Props Up Crude-by-Rail
Wednesday, February 24, 2021Oil exports by rail from Canada have more than tripled since July.

Court Blocks ConocoPhillips Alaska Project Construction
Monday, February 15, 2021The decision means continued delays during the already brief seasonal construction window in the harsh climate of northern Alaska.

Majors Get Credit Ratings Downgrades
Friday, February 12, 2021Have a look back at oil and gas market hits and misses for the week ending Feb. 12, 2021.

Office Vacancies Surge in Energy Capital
Wednesday, February 03, 2021Houston ended last year with a 24% office-vacancy rate, the highest of any major US city, according to Jones Lang LaSalle Inc.

ExxonMobil Reports First Annual Loss in Decades
Tuesday, February 02, 2021Exxon isn't alone in facing serious challenges even as commodities are on a tear.

ConocoPhillips Acquires Concho
Monday, January 18, 2021Shareholders have approved ConocoPhillips' acquisition of Concho Resources. PHOTO SOURCE: ConocoPhillips

Odfjell Drilling Signs Equinor Contracts for At Least 27 Wells
Tuesday, November 24, 2020Odfjell Drilling has signed final rig contracts for a pair of previously announced Equinor drilling campaigns.

ConocoPhillips Hits Gas Pay in Norwegian Sea
Thursday, November 12, 2020ConocoPhillips has reported a new gas condensate discovery offshore Norway.

Permian Drilling Rights Price Falls Nearly 70%
Thursday, November 12, 2020The price to drill an acre of land in the biggest US shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.

Oxy Pivots to Net Zero Path
Wednesday, November 11, 2020Occidental Petroleum Corp. became the first major US oil producer to aim for net zero emissions from everything it extracts and sells.

Wall Street Enthusiasm for Green Energy Fades
Thursday, November 05, 2020Wall Street's confidence that the US election would spark a clean-energy revolution dimmed after Republicans appeared set to retain control of the Senate.

Democrat Seeking Texas RRC Post Gets Fundraising Boost
Monday, November 02, 2020Texas hasn't placed a Democrat on the state's Railroad Commission for 26 years

Will Bigger Be Better for Oil and Gas Players?
Friday, October 30, 2020Check out Rigzone's review of oil and gas market hits and misses for the week ending Oct. 30, 2020.

Modest Deals Reflect Slide for US Shale
Tuesday, October 20, 2020There is no more dramatic sign of the US shale industry's fall from grace than one of the best in the business being sold off for less than a third of its peak value.

Another Permian Operator Sale May Be Underway
Tuesday, October 20, 2020Pioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.

OPEC+ Kingpins Try to Sell Obedience
Monday, October 19, 2020Rigzone panelists offer their views on what to watch in the oil and gas markets this week.

ConocoPhillips to Acquire Permian Operator in $9.7B Deal
Monday, October 19, 2020ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock.

Odfjell Drilling Wins Contract for 15 Wells
Tuesday, October 06, 2020Equinor has contracted an Odfjell Drilling semisub for the Breidablikk project in the North Sea. PHOTO SOURCE: Equinor

ConocoPhillips Adds Goldman Sachs Alum to Board
Thursday, September 10, 2020ConocoPhillips reported Tuesday that Eric Mullins has been appointed to the company's board of directors.

Oilfield Fraud Lawsuit Ensnares $100MM CEO
Wednesday, September 09, 2020In their lawsuit, investors allege Anadarko executives kept repeating rosy expectations about Shenandoah long enough to profit from them.

Biden VP Pick Has Record of Fighting Oil Industry
Wednesday, August 12, 2020As California attorney general, Harris filed lawsuits against Phillips 66, ConocoPhillips and others.

ConocoPhillips to Add Canada Acreage in $375MM Deal
Thursday, July 23, 2020ConocoPhillips has agreed to acquire acreage in the Montney formation in Western Canada from Kelt Exploration Ltd.

Oil Demand Could Get Boost from Metals Surge
Friday, July 10, 2020Check out this review of oil market hits and misses for the week ending July 10, 2020.

$40 Could Be Magic Number for Some Oil Players
Monday, July 06, 2020Here is a preview of issues to watch this week in the oil and gas markets.

Agile but Slow US Shale Recovery Likely
Wednesday, July 01, 2020Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.

Energy CEOs Drop Climate Change Talk to Stress Survival
Wednesday, July 01, 2020"What's been front and center has been the extreme volatility and carnage that's occurred in the energy sector," said one energy analyst.

ConocoPhillips to Ramp Up Oil Production
Tuesday, June 30, 2020ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths.

3D Oil Completes Farmout to ConocoPhillips Australia
Friday, June 12, 2020ConocoPhillips may drill an exploration well in which it will carry up to the first $30 million of costs.

ConocoPhillips CEO Sees Shale Comeback
Wednesday, June 10, 2020US shale development is dramatically less robust than it used to be, but ConocoPhillips CEO Ryan Lance is not ready to declare the shale era over.

Oil and Gas Blockchain Group Claims Milestone
Monday, June 08, 2020The Offshore Operators Committee Oil and Gas Blockchain Consortium reportedly has achieved an industrywide first.

ConocoPhillips Sells Australia-West Assets, Ops to Santos for $1.3B
Friday, May 29, 2020Due to market volatility and deferring Barossa FID, the companies agreed to lower the initial upfront payment.

CNOOC's Latest Penglai Phase Starts Production
Tuesday, May 26, 2020A new wellhead platform has been built, with 47 wells planned in total.

ConocoPhillips CFO to Retire
Thursday, May 21, 2020William L. Bullock Jr. will assume the role of executive vice president and CFO on Sept. 1.

Permian Drillers Slash Output Themselves
Monday, May 04, 2020On the same day OPEC-style oil quotas in Texas were pronounced dead on arrival, shale drillers disclosed more supply cuts.

ConocoPhillips Unveils Curtailment Plans
Friday, April 17, 2020The company has cut 2020 cash uses by more than $5B within the past month.

ConocoPhillips Cuts Capex by $700MM
Thursday, March 19, 2020The capex cuts represent a 10-percent reduction from previous guidance.

ConocoPhillips Divests Niobara and Permian Assets
Friday, March 06, 2020ConocoPhillips has completed two transactions to sell its Niobara and Waddell Ranch assets.

ConocoPhillips Awards Barossa Contracts to NOV and Aker
Wednesday, March 04, 2020The Barossa field development will extend the Darwin LNG export facility's service life.

Fluor and Anadarko Vets Join ConocoPhillips Board
Wednesday, March 04, 2020ConocoPhillips reported that its board of directors has elected David T. Seaton and Al Walker to serve as board members.

ConocoPhillips Extends Bristow Contracts
Wednesday, February 12, 2020This photo shows a Bristow S-92 aircraft on the ramp at ConocoPhillips' Ekofisk platform in the North Sea. PHOTO SOURCE: Bristow Group, Inc.

Top Upstream Companies in Predictive Maintenance
Tuesday, November 26, 2019GlobalData has identified the 'leading' upstream companies that are adopting predictive maintenance technologies in the oil and gas industry.

ConocoPhillips Unveils its 10-Year Operational Plan
Tuesday, November 19, 2019ConocoPhillips revealed its 10-year plan on Tuesday, which exhibits a commitment to capital discipline while providing higher returns to shareholders.

Fracking Could Revive Colombia's Oil and Gas Game
Thursday, November 07, 2019Fracking could give Colombia's oil industry a new lease on life.

ConocoPhillips Awards FPSO Contract
Wednesday, October 30, 2019Pictured is a rendering of the Barossa FPSO. IMAGE SOURCE: MODEC

ConocoPhillips to Divest Some Australia Assets
Monday, October 14, 2019ConocoPhillips has agreed to sell the subsidiaries holding its Australia-West assets and operations to Santos Limited for US$1.39 billion.